Principal Financial Group Inc. Sells 85,505 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Principal Financial Group Inc. cut its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 31.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,734 shares of the company's stock after selling 85,505 shares during the period. Principal Financial Group Inc. owned 0.23% of Wyndham Hotels & Resorts worth $14,279,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Wyndham Hotels & Resorts by 80.9% in the second quarter. GAMMA Investing LLC now owns 463 shares of the company's stock valued at $34,000 after buying an additional 207 shares in the last quarter. Concord Wealth Partners raised its position in shares of Wyndham Hotels & Resorts by 115.5% in the 3rd quarter. Concord Wealth Partners now owns 543 shares of the company's stock valued at $42,000 after buying an additional 291 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Wyndham Hotels & Resorts by 1,245.1% during the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company's stock worth $53,000 after acquiring an additional 635 shares in the last quarter. Family Firm Inc. bought a new position in Wyndham Hotels & Resorts in the second quarter valued at approximately $67,000. Finally, International Assets Investment Management LLC acquired a new position in Wyndham Hotels & Resorts during the second quarter valued at approximately $70,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Trading Up 0.1 %

NYSE WH traded up $0.10 during trading hours on Friday, reaching $96.79. The company's stock had a trading volume of 682,397 shares, compared to its average volume of 992,872. The firm has a fifty day simple moving average of $84.04 and a 200-day simple moving average of $77.18. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. Wyndham Hotels & Resorts, Inc. has a 52 week low of $67.67 and a 52 week high of $98.73. The stock has a market cap of $7.53 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.45 and a beta of 1.31.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. Wyndham Hotels & Resorts's revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. Equities analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on WH. Truist Financial raised their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a "buy" rating in a report on Friday, October 25th. StockNews.com raised Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Oppenheimer boosted their target price on Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Robert W. Baird raised their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Barclays upped their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $97.86.

Insider Activity

In related news, insider Scott R. Strickland sold 2,850 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the transaction, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. The trade was a 9.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michele Allen sold 15,000 shares of the firm's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the sale, the chief financial officer now owns 10,056 shares of the company's stock, valued at $904,939.44. The trade was a 59.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,890 shares of company stock valued at $9,273,255. Company insiders own 2.79% of the company's stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.